GOLD:Price react to the resistance area and Zone 50%Fibo. Short

3 Ağu 2022

As explained yesterday, the GOLD after a retracement finds Obstacles in its way to growing up. Yesterday the price rebounded to a selling zone, Resistance area, and Fibonacci levels of 50% work like a solid wall where the price it dropped with a big red candle. Today we can also see the stochastic in overbought with divergence, ready to come back in the normal range. Not last the forecast for Ichimoku is red bearish. The dynamic trendline worked like a solid resistance for a pullback in the main trend, bearish.